Ursula von der Leyen says financial sanctions target 70% of Russian banking market

European Commission President Ursula von der Leyen said on Friday, “steps agreed by EU leaders include financial sanctions, targeting 70% of the Russian banking market and key state-owned companies, including in defence.”

EU will hold the kremlin accountable.

Sanctions on Russia will increase Russia’s borrowing costs, increase inflation there.

Export ban will hit Russia’s oil sector by making it impossible to upgrade oil refineries.

EU limiting Russia’s access to key technologies such as semi-conductors.

Russia sanctions closely coordinated with united states and others.

Putin must and will fail.

EU'sVon Der Leyen says steps agreed by EU leaders include financial sanctions, targeting 70% of the Russian banking market and key state owned companies, including in defence.

EU sanctions to limit Moscow’s access to financial markets

Bloc agrees range of measures in response to Putin sending troops into eastern Ukraine.

The European Union has agreed to impose a range of sanctions on Russia, including curbs on Moscow’s ability to raise capital on the EU’s financial markets, European Commission President Ursula von der Leyen said Tuesday.

In a short statement, von der Leyen outlined the bloc’s response to Russian President Vladimir Putin’s decision to recognize as independent the separatist-held areas of Donetsk and Luhansk in eastern Ukraine, and to deploy troops there.

“This solid package contains a number of calibrated measures. It is a clear response to these violations of international law by the Kremlin,” von der Leyen said.

She said the new package includes sanctions that “directly target individuals and companies involved in these actions,” as well as “banks that finance the Russian military apparatus and contribute to the destabilization of Ukraine.”

“We are limiting the Russian government’s ability to raise capital on the EU’s financial markets. We will make it as difficult as possible for the Kremlin to pursue its aggressive actions,” von der Leyen said.

Von der Leyen said EU members had reached a “political agreement” on the sanctions and would now “quickly finalize” the package.

The EU will also ban trade with the breakaway regions in Ukraine as part of the measures, according to the Commission president.

Von der Leyen also issued a warning to the Kremlin.

“Our action today is a response to Russia’s aggressive behavior. If Russia continues to escalate this crisis that it has created, we are ready to take further action in response,” she said. “The European Union is united and acting fast.”

EU sanctions to limit Moscow's access to financial markets.

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[josephmartin]

Thanks, Pr. VonderLeyen : Today Oil is € 90 a barrel & LNG ~ $ 30/mmBtu with some Contrats as high as ~ $ 70/mmBtu, Weapons sales have reached € 50 billion in the last 72 hours, it's obvious Oil, Gas, LNG and Weapons sales are winning big time, while Europe Consumers and Taxpayers are the biggest losers. All the Sanctions against Putin Government affect primarily the EU Economy, since it's Russia biggest Trading Partner and neighbor, so Europe is the biggest loser on all fronts, this is no coincidence, this was the intent from the beginning of the Crisis . In my humble opinion this proves this Manufactured Conflict is one of the most sophisticated Criminal and Treasonous Operation in modern History. EU should conduct a forensic Investigation about who profit from Financial Markets collapse 2.24.22, and who is profiting from Oil, Gas, LNG Call Options, Shorts and other Markets derivatives and speculations. Also the EU and US must find out who rejected Putin's demands for NATO to NOT install Long Range Nuclear Capable Missiles inside Ukraine near the Russia Border, this was the trigger, and just like Pr. Kennedy demanded the Soviet Union to remove their similar Missiles from Cuba, some one in NATO this time made sure that the request was rejected to force Putin Military Occupation. This also proves the Whole Crisis was an Unnecessary and Premeditative Operation to bankrupt Europe .

[nobinpaul]

I bet this drama will end in 1 year and everything will be normal